ES Weekend update

• ES Daily chart shows price moving above 2450 resistance zone. Weakness for This bullish setup only if price starts to close below 2450 zone.
• Second chart shows the failure of Bears to keep price below 50 Day SMA. Those failed breakdowns led to bigger up moves in favour of bulls.
• 4 Hour chart shows immediate support levels 2450 and 2445 respectively for bulls.

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ES Weekend update (Hourly charts)

• ES one hour took support near the cloud. Hope for bears only if Hour starts to close below 100 Hour SMA. Staying above the hourly cloud Bulls likely to move above 2349 . Weakness if price starts to sustain below 2336 levels.

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S&P 500 Futures weekend update

• ES weekly chart shows price near resistance line
• Daily chart with MACD is developing negative divergence. Correction may start once price hits the resistance line shown in weekly chart.
• Weekly resistance line for next week is around 2319 levels approximately.

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